Victorian Inn

Hotel for Sale

HOTEL FOR SALE #3.JPG

Victorian Inn offers the Old-World Charm and Appeal. Conveniently Located in the highly Desirable and Progressive area of Downtown Sparks right on Victorian Avenue which is the hub of activities and nation-wide events such as The Rib-Cook Off; Hot August Nights, Street Vibrations and oh so much more! Walking distance to the New Outdoor Amphitheater, the Sparks Galaxy Theaters, the Nugget Casino Resort, and even In & Out Burger. Building and interiors were renovated in 2017 – 2019

Description

The Asset astutely sits on both sides of Victorian Avenue consisting of a total of 1.27 acres of prime property. Offering 92 doors which 6 are Full Suites with separate bedrooms, a Tri-Plex containing 3 apartments, Two Duplexes, Two Single-Family Residences, along with 78 single occupancy bedrooms-Nightly and Weekly rooms-offering Wi-Fi access, expanded cable, microwave, refrigerator and all utilities paid. Asset boasts Ample Paved Parking. Building includes a manager’s unit (in addition to the 92 doors), Elevator and common area, laundry room with commercial/industrial strength washer and dryers (and an additional customer laundry room), and a quaint reception office area.

The Investment appeal of the asset is not only visually evident given its prime location but the projected growth for the area aids in its future potentiality as a motel or conceptually a site for new high-rise housing. Site is a Unique Opportunity in a potentially High Growth and Traffic generating Market. It is conveniently located for quick and easy access to Interstate 80, HWY 395/U.S. 580, and less than 5 minutes to the RenoTahoe International Airport, and approximately 20 minutes to the TahoeReno Industrial Center which is home to Tesla, Panasonic, Switch, Google etc. and only approximately 30 minutes to Lake Tahoe.

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